It’s time to stop ignoring Generation X.
Generation X - the demographic grouping born between the mid-1960s and 1980 - is often overlooked by businesses. Yet this cohort is earning more and spending more than at any time in their lives. What's more, in part due to a looming wealth transfer from their parents, they are expected to become tens of trillions of dollars wealthier over the next two decades. In China and India, Gen Xers are already more prosperous than their parents.
Many are also part of the `
Technological advances have also seen an increase in behavior transfer between Gen X parents and their Gen Z teens in an `echo effect', where they influence each other's habits and choices.
“This generation needs help and increasingly will be able to pay for it. Their wallets are under pressure, their watches are under pressure, but Gen Xers may be more likely to spend money to save time as we move into a period of wealth transfer and increased earnings.”
— Julio Hernandez, Partner, Global Head, Customer Center of Excellence, KPMG International